Market Commentary – January 2019
In 2018, equity markets suffered the worst year-on-year performance since the aftermath of the global financial crisis, which began in March 2009. Developed equity markets fell 8.2% in US dollars (‘US$’), recording their worst annual return since 2008, the year they registered a fall of 40.3%. Similarly, emerging markets declined 14.6% in US$ in 2018, closely mirroring the 14.9% correction that manifested in 2015, when emerging markets were shaken by the headwind of a materially strengthening US Dollar (USD) exchange rate...
Growing in Technology
Afena Capital understands that knowledge is emPOWERment. With South Africa’s tumultuous history, there was an imbalance of knowledge distribution which, to this day, is still a stumbling block for the current generation. Afena acknowledges that while financial literacy can be daunting and complex, mindsets can be changed through education.
We have recently launched phase 1 of our mobile application (app). The aim of the app is to educate through an easily distributable medium which is accessible, real-time and user-friendly. Phase 1 introduces the online version of our ‘Unpacking Jargon’ publication; a useful tool which provides definitions of financial terminology to a wider audience.
The app is now freely available to download from your Apple iStore or your Google Play Store on your smartphone. We hope that you will find it a useful companion to have on your smart device.
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